The Brookings Institution’s Hamilton Project has released a proposal for a federal reinsurance backstop called US Re to leverage federal borrowing capacity and stabilize the country’s homeowners insurance market. “Properly constructed, US Re could improve resilience while maintaining the benefits …
Iran Says Hormuz Strait Now Completely Open for Commercial Ships
Iran announced that the Strait of Hormuz is now “completely open” for commercial traffic, a big step toward ending a war that’s sent energy prices